UPS cutting 30,000 jobs, closing 24 facilities in 2026
- - UPS cutting 30,000 jobs, closing 24 facilities in 2026
Mary Walrath-Holdridge, USA TODAYJanuary 28, 2026 at 12:25 AM
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The United Parcel Service, one of America's largest shipping and logistics companies, announced plans this week to cut 30,000 jobs in the coming year.
In a company earnings call on Jan. 27, UPS CFO Brian Dykes cited poor fourth-quarter performance, attributed partially to decreased package volume from Amazon and the deadly crash of UPS Flight 2976 in Louisville on Nov. 4. Last year, UPS accelerated its mission of limiting its relationship with Amazon, aiming to cut the volume of packages it handles from the retailer by 50% by the second half of 2026.
UPS plans to cut 30,000 jobs by the end of 2026, its CFO said in a Jan. 27 earnings call.
The company saw the average daily volume of packages it handles plummet by 2 million pieces, Dykes said in the call, largely due to this Amazon action.
"We plan to reduce total operational hours by approximately 25 million hours," said Dykes of the year ahead. "...we expect to reduce operational positions by up to 30,000."
UPS has likewise slated 24 buildings for closure in the first half of the year, with more expected to shutter later in 2026, he said. Through these efforts, paired with an increase in automation, the company hopes to reduce 2026 spending by about $3 billion.
"We expect to offer a second voluntary separation program for full-time drivers," added Dykes.
In 2025, UPS cut 48,000 jobs and offered a buyout to full-time drivers for the first time in company history in an attempt to create meaningful cost savings. Tuesday's announcement marks the third consecutive year of UPS workforce reduction.
The last quarter saw UPS bring in a consolidated revenue of $24.5 billion, a decrease of 3.2% compared to the same quarter of 2024, according to the Jan. 27 report. When comparing the full year 2025 to 2024, UPS saw a decrease in total revenue of $2.4 billion.
USA TODAY reached out to UPS for comment.
Contributing: Olivia Evans, Louisville Courier Journal
This article originally appeared on USA TODAY: UPS cutting 30,000 jobs, closing 24 facilities in 2026
Source: “AOL Money”
